-- JetBlue is the First Airline to Address the Effects of Climate
Change with the TCFD Recommendations ---- TCFD Recommendations Help Companies Efficiently and Effectively
Disclose Climate-related Risks and Opportunities --

NEW YORK, Jun 29, 2017 (BUSINESS WIRE) --
JetBlue
JBLU, +3.60%
today joined more than 100 other companies and
business leaders and publicly committed support for the recommendations
of the Task Force on Climate-related Financial Disclosures (TCFD). A
growing number of investors are demanding more information on how
companies are addressing the effects of climate change. JetBlue
recognizes the importance of voluntarily disclosing climate-related
risks and opportunities and adopting the TCFD recommendations is an
important step in preparing business for the long-run.

“JetBlue supports the Task Force’s cutting-edge recommendations for our
long-term environmental and business planning,” said James Hnat,
executive vice president, general counsel, JetBlue. “We must look beyond
quarter-to-quarter when it comes to climate risk. Environmental social
governance issues further tie sustainability to our bottom-line and
strategy. Good climate governance is important to the success of our
industry. In order to plan for the future of our business we must look
at the true financial impact of climate change.”

The Task Force, established by the Financial
Standards Board(FSB) in late 2015,
recently released its final report – Recommendations of the Task
Force on Climate-related Financial Disclosures – and supporting
materials. Recommendations are focused on four areas that represent how
companies operate: governance, strategy, risk management, and metrics
and targets. These areas reflect the types of information investors
expressed are most important to their needs. The Task Force developed
guidance to assist companies in meeting those needs.

The Financial Standards Board, an independent organization that
establishes financial accounting and reporting standards, crafted these
recommendations. Always focused on smart business and transparency,
JetBlue already reports along these lines, covering an estimated 80% of
their new recommendations. As such, the Financial Standards Board has
asked JetBlue to be among the first 100 companies, and the first
airline, to assess the materiality of climate risk.

Earlier this year, JetBlue reported material ESG information of interest
to investors with a white
paper report produced according to the Sustainability Accounting
Standards Board (SASB) standard for the airline industry. As one of the
first companies and the first airline to report according to SASB’s
intensive standards, JetBlue is not relying on the status quo for
sustainability reporting.

Michael Bloomberg, Chair of the Task Force commented "Climate change
presents global markets with risks and opportunities that cannot be
ignored, which is why a framework around climate-related disclosures is
so important. The Task Force brings that framework to the table, helping
investors evaluate the potential risks and rewards of a transition to a
lower carbon economy. We're pleased to see so many businesses and
investors around the world support the recommendations of the TCFD and
hope others will be encouraged to join our initiative."

In February this year, the FSB asked the TCFD to continue its work until
September 2018. With the publication of its final report, the Task Force
is focused on promoting and monitoring adoption of the recommendations
going forward. The final report will be presented at the July G20 Summit
in Hamburg, Germany by FSB Chair and Bank of England Governor Mark
Carney. The final version of the report is available here
and a summary of significant changes and clarifications since the draft
report can be found here.
The full list of CEOs supporting the work of the Task Force is viewable here.

JetBlue’s Commitment to the Environment - JetBlue communicates
transparently about climate change. The airline is taking steps to
address the emission of greenhouse gases (GHGs) from its flights and
JetBlue empowers and inspires its customers and crewmembers to offset
GHG emissions when they fly. The airline looks for ways to become more
fuel efficient and embrace efficient technologies. For example, JetBlue
planes feature Airbus' Sharklets, which improve aerodynamics and cut
fuel burn and emissions. For more on JetBlue’s work to reduce emissions,
visit jetblue.com/green.

About JetBlue

JetBlue is New York's Hometown Airline
[®]
, and a leading
carrier in Boston, Fort Lauderdale-Hollywood, Los Angeles (Long
Beach), Orlando, and San Juan. JetBlue carries more than 38 million
customers a year to 101 cities in the U.S., Caribbean, and Latin
America with an average of 1,000 daily flights. For more information
please visit jetblue.com.

About the Task Force on Climate-related Financial Disclosures

On December 4, 2015, the Financial Stability Board (FSB) established the
Task Force on Climate-related Financial Disclosures (TCFD) with Michael
R. Bloomberg as Chair and with four Vice Chairs, Denise Pavarina,
Executive Director, Banco Bradesco; Graeme Pitkethly, Chief Financial
Officer, Unilever; Christian Thimann, Group Head of Regulation,
Sustainability and Insurance Foresight, AXA; and Yeo Lian Sim, Special
Advisor, Singapore Exchange. More information on the TCFD membership can
be found at www.fsb-tcfd.org.

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